LPL Financial LLC Buys 1,117 Shares of TE Connectivity Ltd. (NYSE:TEL)

LPL Financial LLC grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 325,053 shares of the electronics maker’s stock after acquiring an additional 1,117 shares during the quarter. LPL Financial LLC owned about 0.11% of TE Connectivity worth $46,473,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in TE Connectivity during the fourth quarter worth about $15,159,000. Sei Investments Co. boosted its position in shares of TE Connectivity by 3.2% during the 4th quarter. Sei Investments Co. now owns 316,699 shares of the electronics maker’s stock worth $45,278,000 after acquiring an additional 9,913 shares in the last quarter. American Century Companies Inc. increased its stake in TE Connectivity by 5.6% in the fourth quarter. American Century Companies Inc. now owns 2,140,941 shares of the electronics maker’s stock valued at $306,090,000 after acquiring an additional 114,318 shares during the last quarter. Mizuho Securities USA LLC raised its position in TE Connectivity by 43.9% during the fourth quarter. Mizuho Securities USA LLC now owns 28,354 shares of the electronics maker’s stock valued at $4,054,000 after purchasing an additional 8,646 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in TE Connectivity during the fourth quarter worth $202,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This trade represents a 49.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Trading Down 1.8 %

Shares of TEL stock opened at $147.00 on Friday. The stock has a 50-day moving average of $149.41 and a 200-day moving average of $148.40. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The stock has a market cap of $43.86 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business earned $1.84 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 45.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TEL shares. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Hold” and an average target price of $167.00.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.